...year. The report also showed that 63 percent of offers Redfin agents wrote faced bidding wars last month. This number aligned exactly with last year's frequency. On the other hand,...
Read More »Search Results for: bidding wars
Will ‘Modest’ Economic Growth Deter the Fed?
...the New York, Cleveland, Atlanta, St. Louis, and Minneapolis Districts, according to the Fed. The lower inventory in those districts led to bidding wars in the Richmond District and at...
Read More »Ten Markets Primed for First-time Buyers
...Alabama "First-time buyers in these markets won't have to deal with as many bidding wars or run-away prices; they'll be able to find a first home that fits their needs...
Read More »What the Mortgage Industry Needs to Know About Housing This Year
...shortage, especially in affordable homes market. Thus, I would expect the prices of existing houses to increase based on the intensity of bidding wars. I am, however, optimistic about a...
Read More »Life Events and Higher Rents Influence Decision to Buy
...price appreciation. As bidding wars are concerned, 60 percent of buyers said they would remain disciplined, but would consider paying a little more. This number is up from 58 percent...
Read More »Healthier Market Welcome Sight for Spring Home Buyers
...in home prices. "Bidding wars in many markets last year frequently elevated offer prices beyond the reach of first-time buyers who could scarcely save for the down payment," offered Steve...
Read More »Current Housing Market ‘Far from Bubble Territory’
...the end of 2019. One of the primary drivers of the appreciation in the California metros, O’Grady said, is the limited inventory of homes, which often leads to bidding wars....
Read More »Increased Inventory Slows Home Value Growth
...January for these metros, as more available homes allowed buyers to stay away from bidding wars that drove up home prices. Last year, a smaller inventory of homes contributed to...
Read More »Buyer Competition Declines Amid December Freeze
December's bitterly cold weather kept home shoppers away from the market in December, driving competition down further across most markets. According to Redfin's most recent Real-Time Bidding Wars report, 52.0...
Read More »Even in Buyer’s Market, Homeownership Expected to Decline
...Zillow's chief economist. ""For buyers, this is welcome news, especially for those in markets where bidding wars were becoming the norm and bubble-like conditions were starting to emerge."" *Second*, the...
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